new bull run expected soon
Updated
price is moving above my baseline and broke the daily 50MA already.
it is still moving below daily 200MA yet, however in coming days I expect more pushing upwards.
MACD is in good shape and daily MACD line is closing above positive level.
if the price close above 200MA and the trend line we can see an acceleration move upward.
at the moment it is moving in range but we can expect a rally if all conditions satisfied the rules I mentioned.
Enjoy the market
it is still moving below daily 200MA yet, however in coming days I expect more pushing upwards.
MACD is in good shape and daily MACD line is closing above positive level.
if the price close above 200MA and the trend line we can see an acceleration move upward.
at the moment it is moving in range but we can expect a rally if all conditions satisfied the rules I mentioned.
Enjoy the market
Trade active
price now broke the trend line however it should close above 200MA to confirm a strong bull run, still can move in range or have very limited correction but in coming days it is bullish for sure.Trade active
price is moving above daily 50MA and my baseline also MACD line still above the zero line however price couldn't break out the trend line so we can not expect a strong rally yet. in my next publish I analyze it based on Elliott waves method
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